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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (50150)	3/18/2001 2:46:39 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 77397

Yes, you're right, the WCOM and AMAT chart look a lot the same, the same bottoming pattern. Strictly going on chart patterns, both look safe to buy now. But I think WCOM is safer than AMAT today (although I'm not buying either for the longterm yet), because I'm guessing (and it is just a guess, I could be wrong) that the bad news is in WCOM, but not yet in AMAT. I think the WCOM chart is flat, because the bad news is out, and in the stocks. Sentiment can't get much worse than it is now, for the telcos (but I thought that when WCOM was at 40). Sentiment, IMO, can definitely get worse for the semi-equips. But, for CSCO, the chart looks much uglier than either WCOM or AMAT. No sign of even a short-term bottom.